Ëæ»ú·ÖÎö»ù´¡Elementary stochastic calculus with finance in view

Ëæ»ú·ÖÎö»ù´¡Elementary stochastic calculus with finance in view ÄÚÈݼò½é

¡¡¡¡Ten years ago I would not have dared to write a book like this£º a non-rigorous treatment of a mathematical theory. I admit that I would have been ashamed£¬ and I am afraid that most of my colleagues in mathematics still think like this. However£¬ my experience with students and practitioners convinced me that there is a strong demand for popular mathematics. I started writing this book as lecture notes in 1992 when I prepared a course on stochastic calculus for the students of the Commerce Faculty at Victoria University Wellington £¨New Zealand£©. Since I had failed in giving tutorials on portfolio theory and investment analysis£¬ I was expected to teach something I knew better. At that time£¬ staff members of economics and mathematics departments already discussed the use of the Black and Scholes option pricing formula£» courses on stochastic finance were offered at leading institutions such as ETH Zurich£¬ Columbia and Stanford£» and there was a general agreement that not only students and staff members of economics and mathematics departments£¬ but also practitioners in financial institutions should know more about this new topic.